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Glad I Bought It
on March 8, 2005
I was first exposed to James Altucher's work on theStreet.com and have always found his articles to be worthwhile. "Trade Like Warren Buffett" is no different. Mr. Altucher's concise observations and comfortable writing style make this book a fun, fast read.
People who have had little exposure to Buffett literature beyond the endless magazine cover stories will see that he is at heart an extremely ambitious and competitive investor who is not above making a quick trade, timing the market or relying at least in part on anecdotal evidence when buying a stock. But even though Mr. Altucher makes short work of the "buy and hold forever" myth that surrounds Buffett, he clearly respects Buffett's prowess and accomplishments. I particularly liked the examination of Buffett's current stock holdings and the stories from his early investing career. And there are a couple of interviews with money managers that provide good perspective.
It was a little frustrating to read about all the investing opportunities that Buffett has taken advantage of over the years but that no longer exist. However, it was also nice to learn that Buffett has made mistakes too.